Numbers matter, so let’s say you hit the Powerball when it’s at $300 million. That’s (roughly) $200 mil after taxes.
Would you go the route many famous wealthy ppl have, and make your children find their own way, or would you give them almost whatever they wanted. In this scenario, current age matters, as well.
As for me, I don’t have kids. But if I won that much, they’d be set for life, and they wouldn’t blow it because I’d have raised them right in the first place.
It's roughly $100M take-home after lump sum adjustment and taxes. Since numbers matter. ;)
Which wealthy people are making their kids find their own ways? Even Bill Gates who is the most famous for this is still leaving his kids at least $10M each. (And that is just cash. I suspect they will also inherit other assets worth a good chunk of change)
And yes, with $100M in the bank, your job and your "family business" is now managing that money and making it last as long as possible or continue growing it over generations.
With a principal investment of $100M, even if you only take a 3% annual raw, that is still $3M/yr salary for doing nothing.
The kids should be able to learn how to live off of that, even split between them. Teach them how we manage it, and have it setup for them to run once it is in their hands.
With $100M in the bank now, my great-great-great grandkids should be set.